Northern Trust Corp Has $13.70 Million Stock Holdings in Safety Insurance Group, Inc. (NASDAQ:SAFT)

Northern Trust Corp increased its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT - Free Report) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,223 shares of the insurance provider's stock after buying an additional 10,768 shares during the quarter. Northern Trust Corp owned about 1.12% of Safety Insurance Group worth $13,697,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Barclays PLC boosted its stake in shares of Safety Insurance Group by 348.8% in the 3rd quarter. Barclays PLC now owns 24,430 shares of the insurance provider's stock worth $1,997,000 after buying an additional 18,987 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Safety Insurance Group by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,156 shares of the insurance provider's stock valued at $1,743,000 after purchasing an additional 865 shares in the last quarter. KBC Group NV grew its position in Safety Insurance Group by 52.2% in the 4th quarter. KBC Group NV now owns 1,000 shares of the insurance provider's stock worth $82,000 after purchasing an additional 343 shares during the period. Naples Global Advisors LLC boosted its stake in shares of Safety Insurance Group by 1.3% during the 4th quarter. Naples Global Advisors LLC now owns 17,373 shares of the insurance provider's stock worth $1,432,000 after acquiring an additional 225 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Safety Insurance Group by 0.9% during the 4th quarter. Rhumbline Advisers now owns 46,207 shares of the insurance provider's stock valued at $3,807,000 after buying an additional 413 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company's stock.

Safety Insurance Group Trading Down 1.0%

SAFT traded down $0.85 during midday trading on Wednesday, hitting $82.44. 1,493 shares of the company traded hands, compared to its average volume of 54,758. The business has a 50 day simple moving average of $77.96 and a two-hundred day simple moving average of $79.91. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 16.27 and a beta of 0.22. Safety Insurance Group, Inc. has a 52-week low of $70.71 and a 52-week high of $90.00.

Safety Insurance Group (NASDAQ:SAFT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.03. Safety Insurance Group had a net margin of 6.86% and a return on equity of 6.35%. The firm had revenue of $298.97 million during the quarter.

Safety Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.90 dividend. The ex-dividend date is Monday, June 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.37%. Safety Insurance Group's dividend payout ratio (DPR) is presently 73.62%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.

About Safety Insurance Group

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils.